trungle83

Trade Plan Week of 5 July

Long
trungle83 Aggiornato   
FX:AUS200   Indice S&P/ASX
Daily
  • We're at 618 Retracement with a retest of MA 150 which has been acting as a Dynamic S/R over 12 Month.
    Long positions should be short lived so take profits.

H4
Having the really good success from 4 Hour Chart for main entry reasons for long positions.
Watch 200MA as the main Dynamic S/R while it's still trending.
5900-5920 is also where MPP, 200MA and Long term T/L could play an important role for support.
Watching 5900-5920 as possible next level of entry. with a target to retest 6180 Mark.


Important note:
I won't be taking any short positions even if the possibility is available.
I won't be taking any long positions until 5900-5920
Profit taking will be revisit as the MA150 will be looked at closely.
Commento:

First leg of the plan going accordingly. Now it’s time for second move

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